How To Trade CP
Canadian Pacific Railway is poised to stage a run higher out of its recent congestion zone. While the stock has been moving higher for some time, experience suggests a move out of this congestion structure could be significant.
Company Profile [Via Yahoo Finance]
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and Sulphur; and merchandise freight, such as finished vehicles and machinery, automotive parts, chemicals and plastics, crude, and metals and minerals, as well as forest and industrial, and consumer products. It also transports intermodal traffic comprising retail goods in overseas containers that can be transported by train, ship, and truck, as well as in domestic containers and trailers that can be moved by train and truck. The company offers rail and intermodal transportation services over a network of approximately 12,400 miles, serving the business centers of Canada from Montreal, Quebec to Vancouver, British Columbia; and the United States Northeast and Midwest regions. In addition, the company offers transload, leasing, and logistics services. Canadian Pacific Railway Limited was founded in 1881 and is headquartered in Calgary, Canada.
Company Metrics Snapshot As of Close Friday 23 June 2017
How To Trade CP Weekly Chart
How To Trade CP Daily Chart
The Trader Says:
CP has formed a nice triangle pattern on both the weekly and daily charts. Drop down to the lower timeframe of your choice to stalk a low risk entry.